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4 strategic sourcing use cases to strengthen your supply chain

IBM Services

For sourcing teams, that means pivoting their mindset around selecting suppliers from a tactical, lowest-cost-above-all approach to a strategic one. Where tactical sourcing is a short-term strategy, strategic sourcing is for long-term business goals.

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Days Inventory Outstanding: What Is It and How to Calculate It

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. Better Overall Inventory Management Knowing your DIO can help you manage your inventory flow more efficiently. How to report and analyze indirect spend to identify savings opportunities.

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Days Sales Outstanding: What Is It and How To Calculate It

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How to report and analyze indirect spend to identify savings opportunities.

Sales 52
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11 Cost Reduction Strategies in Procurement

Obobo

Finally, long-term strategies may include the development of partnerships with suppliers and even the implementation of strategic sourcing. Overall, these 11 cost reduction strategies in procurement demonstrate that companies can significantly reduce costs and maintain profitability with the right procurement management practices.

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How To Create Savings With Better Spend Management In Procurement

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. How To Create Savings With Better Spend Management In Procurement. All organizations, regardless of their size and type, should develop a spend management process. Download Free Copy.

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CFO Challenges and Priorities in 2021 And Beyond

Planergy Software

Cash flow management is closely tied to inventory management , supplier management, and supplier relationship management. For inventory in particular, the situation is very similar to cash. and data-based business continuity planning into workflows at all levels.

Finance 97
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Centralized Purchasing: Advantages and Disadvantages

Planergy Software

How strategic sourcing, cost management, and cost avoidance strategies can be applied to indirect spend. This reduces your overhead costs associated with inventory management, quality monitoring, risk analysis, and transportation. How to gain visibility and control of your indirect spend. Download Free Copy.